(RTTNews) - Friday, Roper Industries, Inc. (ROP: News ) announced that it has signed a definitive agreement to acquire Verathon, Inc., a leading provider of proprietary medical devices. The parties expect the closing to be completed in early December.

Based in Bothell, Washington, Verathon is a provider of proprietary medical devices and services. With a direct sales force of over 140 people, Verathon provides global coverage to hospitals, primary care physicians, acute care and military end markets.

Roper also announced it has acquired the assets of United Toll Services, LLC. Alabama Based United Toll provides software and in-lane hardware systems for toll and traffic solutions. With unique and patented technology, remote monitoring capabilities, new lane and camera configurations and system integration capabilities, UTS provides expanded hardware and software solutions for the toll industry.

The existing leadership teams of both businesses are expected to continue in place once the acquisitions are completed. The total investment for these transactions will be approximately $356 million. The company expects these two transactions will add more than $140 million to its 2010 revenue.
Roper Industries is a market-driven, diversified growth company and provides engineered products and solutions for global niche markets.

ROP is currently being traded at $52.23 up $0.10 or 0.19% on a volume of 0.435 million shares on the NYSE.

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by RTT Staff Writer

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